Crisis amplifier? How to prevent AI from worsening the next economic downturn

  • Date
    30 May 2024
    Timeframe
    11:30 - 11:50
    Duration
    20 minutes
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    Generative AI has great potential to raise global growth that’s remained at historically low levels since the pandemic. However, if not managed carefully, there is a risk that GenAI could aggravate and prolong the next economic downturn by causing large-scale disruptions in labor markets, in financial markets, and in supply chains. Policy actions, taken now, can help mitigate some of these risks.